Interview

Why Three Big Stocks Look Like Bargains

Veteran investor Donald A. Yacktman finds much to like in Coke, Pepsi, and P&G which he views as bargains.

Donald A. Yacktman is regarded as an insightful investor with a keen analytical mind, as his long-term results attest. The Yacktman Fund (ticker: YACKX) has a 15-year annual return of 10.62%, besting 99% of its peers in Morningstar's large-cap blend category. Yacktman and his team hew to a buy-and-hold approach, content to hold stocks for years. Annual turnover averages about 20%. The fund's top 10 holdings account for about 50% of assets. Yacktman, 72, who is president of Yacktman Asset Management in Austin, Texas, oversees nearly $30 billion of assets. To find out about a few of his holdings and his sense of where...